tci General Surgery Coding Alert - 2023 Issue Q1

Medicare Outlook: Prepare for Big Fee Reduction in 2023

You could face negative 8.5 percent adjustment unless Congress intervenes. As if industry protest about Medicare’s proposed 4.4 percent conversion factor (CF) reduction for 2023 wasn’t enough, the Centers for Medicare & Medicaid Services (CMS) announced a 4.5 percent CF drop the final rule. Position: CMS had originally proposed in July to cut the CF by $1.53 for CY 2023, decreasing the rate from $34.61 to $33.08. Then CMS issued the calendar year (CY) 2023 MPFS final rule in November with the decision to cut the CF even more to $33...

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